Core Insights - OneStream has launched a new ESG Reporting & Planning solution that supports Scope 1, 2, and 3 emissions frameworks, allowing customers to collect, analyze, report, and plan for ESG requirements within a unified platform [1][2][3] Company Overview - OneStream is a leading enterprise finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions, including financial close, consolidation, reporting, planning, and forecasting [1][4] - The company aims to empower finance teams to go beyond past reporting and drive business strategy and execution [4][5] - With over 1,600 customers, including 17% of the Fortune 500, OneStream has a vision to be the operating system for modern finance [6] ESG Reporting & Planning Solution Features - The solution enables unified ESG data collection, reporting, and planning, allowing businesses to calculate Scope 1, 2, and 3 emissions and carbon intensity using industry standards or customized factors [7] - It aligns ESG planning and reporting with financial reporting and planning through a common data model [7] - The solution includes governance features for managing ESG processes, ensuring timely delivery of auditable data [7] - It enhances ESG planning and forecasting by providing transparency into financial and ESG target achievements [7] - The platform also manages Renewable Energy Contracts (RECs, PPAs) and aligns calculations to Scope 2 Market Method [7] Market Context - Despite proposed scaling back of ESG and sustainability reporting regulations for small and midsize enterprises, larger enterprises will still need to meet reporting standards, albeit on a more forgiving timetable [2] - Companies that align sustainability and carbon emissions reporting with financial performance gain a competitive advantage, with 73% of investors believing strong ESG credentials are key to global competitiveness [3]
OneStream Announces New ESG Reporting & Planning Solution to Help CFOs Navigate Evolving Reporting Demands